Indinero to close free accounts
Nothing online, but I received the following email: Dear inDinero User, I hope this finds you well -- I'm writing to you to let you know about some business model changes we have to make. First off, it's been amazing to have your patience and support over the past two years. Without your help and feedback, our product wouldn't be where it is today. inDinero has been trying to support a free customer base since launching in 2010, but the costs associated with doing so have gone up considerably since. The company pays a very hefty fee to aggregate financial data, and we lose money on every non-paying user. Because of these unaffordably high costs, I've made the very difficult decision to discontinue our free plan. Many of you have told us that you'd prefer a premium/paid service that can better support a growing product. We agree that this is the direction we need to make, and we hope we h
Why it failed
Nothing online, but I received the following email: Dear inDinero User, I hope this finds you well -- I'm writing to you to let you know about some business model changes we have to make. First off, it's been amazing to have your patience and support over the past two years. With
- Kind
- startup
- Status
- Shut down
- Inventor
- AlexMuir
- Ended
- 2012
- Source
- hackernews